With most of their holdings in Hawaii, Central Pacific (CPF, Financial) has recently suffered from the unusual hurricane season in the Hawaiian archipelago. Despite the strange hurricane season, total deposits increased year over year to $4.98 billion while core deposits also increased to over $4 billion. On September 27th, Central Pacific announced that Paul Yonamine would take over for Catherine Ngo as president and CEO effective October 1st. John Dean has done an exceptional job turning around this franchise.
From Jeff Auxier (Trades, Portfolio)'s third-quarter 2018 shareholder commentary.
